hello and welcome. after two months of campaigning, eight candidates and thousands of votes, in just a few hours time either liz truss or rishi sunak will be named the new leader of the conservative party and britain s next prime minister. they ll officially take up that post tomorrow, bringing borisjohnson s three year premiership to an end. our political correspondent iain watson has this report. iam i am always going to respond to support people through it. i support people through it. i would reverse the increase in national would reverse the increase in national insurance. the would reverse the increase in national insurance. national insurance. the nhs will be safe national insurance. the nhs will be safe in national insurance. the nhs will be safe in my national insurance. the nhs will be safe in my hands! - national insurance. the nhs will be safe in my hands! i. will be safe in my hands! i want everybody across our great country want everybody across our g
hello, a very warm welcome to the programme. let s start here in the uk where, in a few hours from now, the next leader of the conservative party and the uk will be announced. we won t officially know who that is until 12:30 bst but we do know for sure that whomever takes the reins will have a monumental task, both economically and politically. rising inflation and the high energy prices will be at the forefront of voters minds, while businesses will be keen to see stability and a commitment to economic growth going forward. our economics editor faisal islam has been looking at some of the immediate pressing issues. this is the economic reality facing the new prime minister. inflation at 10% and heading higher on these official forecasts. it may even go above 15%. five or even ten times target. in the general economy is already falling and heading for a 1990s style recession, according to the bank of england. the core of it all, energy prices. in international markets having
this is bbc news with the latest business headlines for viewers in the uk and around the world. an urgent need to help millions with the cost of living crisis: both liz truss and rishi sunak set out their plans on the eve of the conservative leadership result. hitting the kremlin in the pocket: germany announces a 65 billion euro package to reduce energy dependence on russia after moscow suspended the nord stream pipeline. and the surging us dollar: international currencies continue to fall as investors decide to pour their money into the us currency.
at the port of calais. ferry operators dfds and p&0 ferries apologised for the long wait times at uk border controls on saturday. passengers shared their misery at being stuck in cars for hours heading back from mainland europe, especially as some had children with them. a usjudge has dismissed a man s latest lawsuit against nirvana over the band s iconic 1991 album cover which showed him naked as a baby. spencer elden, 31, said his appearance on the front of the nevermind record constituted child sexual abuse, but thejudge said he had left it too late to claim he had been exploited. let s focus on germany now, where the government has announced a 65 billion euro package to reduce its energy reliance on russia and help millions struggling with rising energy prices. the package, which is much bigger than two previous ones, will include one off payments to the most vulnerable and tax breaks to energy intensive